\n<\/p>\n
BlockFi offers a range of products, including cryptocurrency trading, a crypto wallet, lending, a rewards credit card and BlockFi Personalized Yield for high-net-worth individuals<\/a> with at least $3 million in U.S.-equivalent crypto assets.<\/p>\n BlockFi\u2019s Personalized Yield product is tailored specifically to the user\u2019s goals. According to a January 2022 update, \u201cadditional terms may include discounts to trading spreads\u201d for these VIP users.<\/p>\n Then there\u2019s the BlockFi Interest Account (BIA). Unfortunately, this product has ceased accepting new U.S. customers or assets as of Feb. 14, 2022, per rulings from the SEC.<\/p>\n BlockFi is a cryptocurrency trading platform with reasonable fees. Users can trade individual coins and scores of currency pairs. Pairs trading is exchanging one coin for another, like Bitcoin\/Litecoin (BTC\/LTC).<\/p>\n Similar to traditional banking, BlockFi customers can set up automated cryptocurrency purchases. Immediate execution is aggregated from several exchanges through the BlockFi Wallet, and the actual price is shown immediately without add-on fees.<\/p>\n BlockFi also offers tax-loss harvesting<\/a>, an investment strategy that offsets taxable gains with losses.<\/p>\n The BlockFi Wallet is the default storage for crypto. It is a non-interest-bearing account where you can buy, sell, store, and protect your crypto assets and stablecoins. Assets are protected and not lent out by BlockFi.<\/p>\n In most cases, external cryptocurrency can be transferred into the BlockFi Wallet and assets held within the wallet can be transferred out. But there are some limitations to this feature for certain cryptocurrencies for U.S. customers.<\/p>\n Assets that fall under the latter category include Dogecoin<\/a> (DOGE), Bitcoin Cash<\/a> (BCH) and Algorand (ALGO). These cryptos can\u2019t be withdrawn from or funded from a personal wallet.<\/p>\n Like other margin loans, a BlockFi Loan uses your cryptocurrency assets as collateral while you receive U.S. dollars transferred to your bank account. It\u2019s a useful way to access cash without selling your cryptocurrency and doesn\u2019t require a credit check. When your loan is repaid, the collateral cryptocurrency is returned to you.<\/p>\n BlockFi crypt-backed loans \u201cdo not require any credit information\u201d and you are approved as long as you have sufficient collateral.<\/p>\n Reward credit cards are a staple among consumers. For cryptocurrency enthusiasts, the BlockFi Rewards Credit Card returns up to 3.5% back in cryptocurrency, up to $100, on every purchase for the first 90 days.<\/p>\n After the promotional period, users receive 1.5% crypto rewards. And once more than $50,000 is spent annually, the rate goes up to 2% in crypto rewards for purchases.<\/p>\n Another benefit of the card is the lack of international transactions or annual membership fees.<\/p>\n Any current or prospective client with a minimum of $3 million in loaned crypto assets on the platform is eligible for the premium services of the BlockFi Personalized Yield product.<\/p>\n These products are personalized to fit each client\u2019s goals. Prospective clients receive high-level onboarding and a designated client relationship manager.<\/p>\n Clients of BlockFi Personalized Yield receive discounted trading costs, negotiated crypto interest rates on margin borrowing, and can lend their crypto to BlockFi to earn additional returns. To apply, eligible clients complete a secure qualification form.<\/p>\nCryptocurrency Trading<\/h3>\n
BlockFi Wallet<\/h3>\n
BlockFi Loan<\/h3>\n
BlockFi Rewards Credit Card<\/h3>\n
BlockFi Personalized Yield<\/h3>\n
BlockFi Trusts<\/h3>\n